Norway's Department of Finance has tasked the Financial Supervisory Authority of Norway (Finanstilsynet) with mapping banks’ products and contractual terms in the deposit market and assessing banks’ compliance with applicable rules. The review will also consider whether the current regulatory framework sufficiently safeguards consumers. The mandate follows information from Finansportalen and recent media reporting indicating wide variation in deposit interest rates, with questions raised about the reasonableness of terms for certain products relative to the general level of interest rates. Finanstilsynet is due to submit its assessment to the ministry by 19 February 2026.
Department of Finance (Norway) 2025-11-03
Norway's Department of Finance instructs Finanstilsynet to review banks’ deposit products, interest rate terms and regulatory compliance
Norway's Department of Finance has directed the Financial Supervisory Authority of Norway to evaluate banks' deposit products and compliance with regulations. This review will address concerns about the variability and fairness of deposit interest rates and assess consumer protection adequacy within the current regulatory framework.